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. no growth. >> of the freedom continuous on this >>> so will conservatives pick paul ryan to win straw poll today? we have to wait and see. we already know they are praising the new budget plan with a lot less spending in it than the president's budget plan. $4.6 trillion less over ten years. enough to balance the budget by 2023. some at forbes say it doesn't cut nearly enough. welcome to forbes on fox. let's look at the flipside with elizabeth mcdonald. john, rick, mike and mark. and john, democrats pick on the ryan plan and say it cuts too much. you say it doesn't cut nearly enough. that is the flipside. explain. >> a balanced budget is not small government. under the plan government spending will increase the next ten years when we get to a balanced budget in 2023. it will be $4.1 trillion. 3.4% annual increases in spending versus 5% under the democrats plan. rean thinks this is small government. he is playing bad politics because his base put him in there to it reduce the burden of government and this will greatly expand it. >> mark, john has a point. the ryan budget averages out to $4.
. paul ryan rolls out a new plan to balance the budget but he is making big spending changes to get there. how much is for real and how much is for show? we'll get reaction from a congressman on the house budget committee. >>> security scandal in the u.s.. sec charges illinois with fraud. they have huge pensions problems while trying to borrow money. more states and cities could be doing the same thing. we have a top expert to peel back the curtain. >>> optimism climbs for the 30 strayed month. more hiring and investment is planned. is it the silver lining we've all been waiting for? get the store from two business owners. you're not going to want to miss what they have to say. even when they say it is not, it is always about money. melissa: first let's look at today's market moment. it was a photo finish for the dow after spending much of the day in the red. it squeaked out a gain in the last minutes of trading. it set a record for the 6th straight session. the nasdaq and the s&p 500 weren't as lucky however. they snapped a seven-day streak of gains, falling slightly from multiyear highs
of a llck of seriousness, but it is beyond party. lou: house budget committee chairman paul ryan wrote of "wall street journal" op-ed today, laying out the republican 2014 budget plan. the right approacslices more than four and a half trillion dollars in spending and balance the budget within a decade and cuts tax rates while doing so. and it eliminates obamacare saving almost $2 trillion. that is not unlikely event. about as unlikely, in fact, as the democrats $1 trillion in new taxes. republicans and democrats obviously still as far apart as ever on the issues of spending and taxes. the president's budget proposal is still a mystery among but as press secretary today giving as something of an idea of just when that well overdue budget might finally be delivered by the white house. right now the president is focusing on meeting with democrats and repubcans on capitol hill. he has a lot to sell. fox news chief white house correspondent ed henry with our report. >> reporter: on the day republicans put their budget on the table, president obama arrived on capitol hill for the start of th
. if that is the position and we are probably not going to be able to get a deal. lou: congressman paul ryan, the author of the republican budget calling the president'sur reach effort, if that's what it is, and fiscal wishes not terribly charming. the president also claiming dung that interview with abc that the white house did not order the controversial closure of white house tours. that is the statement that his own press secretary disputed just hours later. >> the secret service made the decision about its budget and to withdraw personnel from to worse . cancel the taurus. it is our job to cancel the taurus. they cannot cancel them. because this is not a tour of the secret service building but tour of the white house and grounds. we run the taurus and the invitations and process. so the white house, as we said, canceled the taurus. lou: the white house canceled the taurus. meanwhile, the president not only disputing the existenceeof a debt crisis, president obama used to sequester gusty -- sequester cutso claim his administration has already made enough cuts to get the deficit under control, the ve
republicans. when you have speaker boehner, and paul ryan, saying, there is not an immediate debt crisis. what do you make of that? >> well, you know, i don't know, i think there is. i think it is a -- >> what is in it f them to say there isn't? >> you know, i can't get into their brain, i do not know what that is about. i do know $16.7 trillion debt, growing at the rate of the deficit every year, is a big problem. >> so they see, they say -- i want to stress it is a big problem, but not an immediate crisis, di does that take the urgency off of addressing it? >> no, it does not, what business, what investment and capital is looking for is they are looking for tre deccability -- predictabilitiy and stannability, which they see the movement going on in the debt itself, that offers neither. >> when you and the governors met with the president, a weeks ago, and you talk, i think you were knee deep in the whole sequestration debate. and president's warning that disaster is coming. >> that was the story. neil: and i thought to myself, governor, i mean, holy cow. however onurus the cuts would be, the
why they are treating paul ryan like he is a big pain in the ass, he is not, maybe the asses judging help are, but he is not, talk about a party punch in the one corner, paul ryan with a plan to get a budget in balance through largely spending cuts and largely no tax hikes, in other corner democratic senator patty murray. a case of us likely losing, because the cuts really are not there we have rick yo joining m -- a little boxing reference, you have to know that. all right, so, what do you think elizabeth? leaving aside in controversial things that paul ryan wants to do. in the en, just trimming the increase, that is it? >> yeah, i think one of the big thing here's that people lose sight of is balancing the budget, patty murray supposed budget does not even balance, it is supposed to raise a trillion in revenue, that tells you, this is more of a shopping spree than a budget, people need to remember that a budget hopefully means you are only spending as much as you take in, not more. neil: scott martin, the markets seem to sense, maybe that despite all of the just erring -- gesturing
job creation, the budget plans to do more of the same. the interesting thing is paul ryan of course kicked off the budget process for a year. knowing that is the president's job but once again president obama has not come to the table with a budget. gerri: is there a deficit of leadership here? >> i lived in washington for 30 years and i don't think i've ever saidresident not propose a budget by this time of year. we don't know when that budget is coming out. gerri: it keeps getting delayed, right? >> he was president for four years. look, this is a balanced approach to raise taxes. a lot of people are not aware of this, we've already had two big tax increases. obamacare has another half trillion dollars. gerri: we ha the tax on people earning 40,000 end up, the tax on payroll tax increase coming into effect, taxes, taxes, texas. you have been looking at some of the numbers r the president, doesn't look so good for him right now. >> that is pretty evidently why. we have seen disapproval up, people generally side with republicans on how much spending there ought to be, they will make
the cost of personal privacy. then one up and no less than paul ryan he says he can balance the budget in ten years. rand paul says to my will to it in five. no program is too sacred that it cannot be sliced. no party chanted monday at the kennedy challenged. creating a grand old -- but no one yet as one bigger applause, which is why i predict demand by the way, you should probably read this and pencil. no one will garner more votes. a straw poll is actually just a snapshot in time. once he wins this one, i am telling you. he could be on his way. if this does not happen this whole thing did not happen. former florida republican congressman on whether he is going to be the gop man. what do you think? >> well, how are you doing? welcome to cpac, 48 anniversary. i think that you have a good assessment on what could happen with this straw poll. one of the main reasons why that could happen is because we are still within one week of senator rand paul doing the filibuster on the drug issues. it was a constitutionality issue. it talk to the civil liberties. he brought together peopl from aclu
reform, paul ryan wants it. i say we need it. the democrats will demagogue it to death. that's my take. it is next. first, do you know 2 million people are quitting their jobs every month? >> these current employees are in the companies are noticing their peers were let go, and they might see the writing on the wall for themselves. they're taking a little bit more of a proactive stance and actually saying that they quit instead of being let go. i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risk charges and expenses. read and consider it carefully befo investing. risk includes possible loss of principal. stuart: a series of record highs all in a row, where are we now? well, we're looking for a 7th straight record close, not goin
this goes, hurt the poor, slam the seniors. democrats today theying that paul ryan's budget will do everything but bring a swarm of locust. anyway, bear in mind, it doesn't cut spending. it is just cutting the growth in spending, mercedes, we have david, on blame getting worse. mercedes. you know, this is always a political game, both sides trying to play to their advantage, but this makes getting this budget, some control, next to impossible? >> it does, you know, i want to add, salon.com had on web site ryan's plans kills thousands, they are taking to a step further, this is going to be difficult. that is why have you senator murray's plan way on the other side, there has to come a point where they bridge the differences, but i don't know if that is possible. if we don't sort of take care of the big elephant in the room, i don't see how we'll cut the spend, slow federal government growth, and really start hoping to have greater investment in our country as well as higher employment. neil: i think that means, that incumbent on democrats and republicans to go after their sacred cows
pour salt in taxpayers wounds. >>> plus the new democrat and paul ryan's budget plan get together like ice cream and ground beef. what wi both sides do to bridge the massive gap? >>> chris van hollen of the use budget committee will join us coming up. ♪ . this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ . melissa: call it one sweet bailout. the usda made by 400,000 tons of sugar from processors in order to prevent them from defaulting on $862 million in government loa. this by the way, is the sa agency that warned of widespread beef shortages due to a lack of funding just a few weeks ago. and of course the government has been making cuts left and right to do things we quote, n't afford. you know, like air traffic controllers, medical research, publ school teachers, stuff like that but it can drop862 million on sugar. the icing t
because the budget patty murray propose has 975 early in in tax increases, 977 in tax cuts. paul ryan's budget by contrast has $4.6 trillion in spending cuts, these two are a long way apart. connell: it doesn't seem like something like that would actually happen. >> there is a lot more, so long as the president will publicly commit himself and liberate the democrats in the senate to carry forward on some of the spending cuts, i don't see it happening. dagen: the president and the democrats have firmly stood beside any excuse, the impact government spending has an economic growth, which you have found a load of economists that he says that you can write your deficit, you can right the deficit. it doesn't involve massive tax increases and you have to cut spending. speak of the democratic idea is if you increase public spending it revived the economy, that is the kantian idea. he is an economist and he is well known in the circle, he and his colleagues spending the last 10 years looking at 17 countries and what they have done with the budget over 30 years, they simply wanted to find out
-- understated, obviously. neil: go ahead. >> well, there's a couple things. even under paul ryan's budget, which he just came out with, i guess today, spending there increases 3 #-4% a year. spending's not cut or raibed in. the other point is we want to shift money from the private -ector to the public sector, and, yet, the boom years, under both reagan and clinton saw them reduce government spending as a percentage of the gdp. it was only george bush that things ramped up and things flat lined as they have since obama's been in office. neil: peter, what's to stop nip in the white house from looking at the markets, looking at the improving economic status, not across the board, but enough of the board to feel we run the spending board, keep doing what we are doing because, obviously, it's working. look at those markets. what do you think? >> what's going to stop them is voters, for one thing, and house republicans for another who basically said they're not in the mood for any kind of tax hikes right now, and, you know, patty murray's budget raises about a trillion dollars, and all else being equ
democrat and paul ryan's budget plan get together like ice cream and ground beef. what will both sides do to bridge the massive gap? >>> chris van hollen of the house budget committee will join us coming up. ♪ . investor. yeah, i'm a serious investor but i'm a busy guy. it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm payi. i want to use the same stuff the big guys use. find out why nine t of ten large professional investors choose ishares for their es. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before invting. risk incdes possible loss of principal. today isonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world' cleanest gas turbines are now powering some of amera's
since june of 2011. they are all discussing the budget proposals, paul ryan, the house budget committee putting out his proposal. beginning to put out her proposal. there are differences on what you have from paul ryan. leading to a $7 billion surplus, it assumes january tax increase is part of the budget deal and it maintains the president health care law medicare cuts. onto the senate democrats budget, it will cut deficit they said by $1.85 trillion with equal mix of tax increases and spending cuts and preserves traditional entitlement programs, so no changes like ryan does. republicans charge the spending in that budget is unsustainable. >> we should won't prevent programs like medicare from going bankrupt, we hear it contains more wasteful "stimulus" spending. one thing we almost certainly no. their budget will never balance. tracy: this is a challenge, but what we should not do is take action it does harm to our economy, harm to the middle class, and only does well by the well-off and well-connected. >> from here we are waiting a president obama to merge and republican leaders will
completely agree. if you look at the proposals from paul ryan and the senate democrats, where do you think there is room for compromise? >> i have looked through both of these budget. i spent most of yesterday going through paul ryan's budget. it is almost like republicans are from venus and democrats are from mars. they are totally talking past each other. the documents could not be more philosophically at odds. they could reach a compromise, but they are still really far apart right now. dagen: certainly infrastructure spending. >> $100 billion stimulus plan when we are supposed to be talking about reducing the deficit. >> you start to hear talks from both sides about tax breaks. if that could turn into tax reform, that would be great for everybody. >> i cannot wait for that day. let's go back to the principle of tax reform. get rid of the loopholes. lower the rates, do not raise them. again, they are talking past each other. dagen: keep watching the smoke stack, steve. steve moore, thank you very much. from the "wall street journal." connell: president obama calling in a number of ceos
on both sides. are you telling me paul ryan will say i will propose something new? of course not. charles: he made some changes. julie, thank you very much. keeping up with america's vices and how you can make money off of them. let's check in now with jeff flock. he is in kentucky. jeff: the spirit here in kentucky. jim beam. you will be the great grandson of jim beam himself. his picture is on the bottle. that is fred. you are at the very bottom because you are the seventh generation. >> that is correct. jeff: i like it. i tell you, faded in popularity. distilled spirits are back in a big way. >> bourbon is doing good. people are discovering how flavorful it is. people are learning about it. jeff: are people just drinking more these days? are they sick of the economy and all that? >> i think they want to drink better. they are looking at more of the premium marks. jeff: there is tremendous growth in this. if we grab one of these bottles off the line here, this is a bottle that is affordable to americans. you know, champagne has to come from france. bourbon has to come from kentucky. you
boehner and paul ryan say on this the president's right there's no immediate debt crisis, i understand what they are saying. i'm not taking it out of context, saying there's not a run on the banking system or foreigners pulling money out. i understand that. they are more or less getting ammunition to the president to say, what's the rush? the president said spending is not a problem. nancy pelosi said we don't have to address entitlements, and reid says, if we address entitlements, which we're not, we'll address medicare aid. do you know what i'm saying? we might have lost him. well, he got to hear part of the speech. the problem is, folks, we have a situation where if you ignore the problem, it goes away, or you don't even acknowledge the problem, there is no problem. my apologies to you for rattling on here, but this is the essence of this show. way too much money going out. not enough money coming in. when we come back, i think business guys just discovered their own wicked lizzie. not our liz, but elizabeth warren who turns out to be the devil who wants to hike the minimum wage a l
. the president emerged and said it was a good and useful conversation. congressman paul ryan president said he did himself good. some republicans said it was a set of talking points talking with another set of talking points. they have their version and comes to taxes and spending fundamental differences remain. >> president understands, yeah we have some long-term spending we need to deal with but he is going to hold hostage the fact he wants to raise taxes on the mile-per-hour people again. that is not going to get us very far. >> there are no sacred cows. we put everything we can on the table but we do it in a responsible way that preserves, protects and strengthens the program like medicare and medicaid that the american people strongly support. >> while we're talking budgets we got budget deficit news today. the united states spent $204 billion than it took in last month that is better than a year ago in february of 2012 saw a deficit of $232 billion. year-to-date. got a budget deficit of $494 billion since the fiscal year started october 1st. last time this year, this time last year, we
an immediate debt crisis and john boehner and paul ryan, they agree with it. debt crisis? and what do you think. and joining us here in new york, welcome back to the program. >> thank you very much. stuart: do you think we have an immediate debt crisis on our hands? >> i think we have an immediate need to act. we can see a debt crisis coming in the future and acting now will make it responsible. stuart: what do we need to do. >> reduce the debt over the long-term and recognize what the spending is that's driving that. mandatory spending on entitlement programs that are causing our debt. and as chairman ryan said, it's the most predictible crisis. american action forum strongly supports the ryan plan. >> we ran the numbers on the budget consistent with the principles in the house proposal and we saw that you get stronger growth, more jobs now, it's the responsible thing to do for the economy and sustains the viability of the safety net program. stuart: that's the exact opposite of what the president and the much of the left is saying. they're saying, you cut spending now and it's a real drag on
and house republicans managed to put forward two budgets frankly live up to the billing. paul ryan, who is, i think it is wonderful that he aspires to balance the budget in ten years but he does so on the back of the president's signature law, which is obamacare, and its repeal. that is $1.8 trillion of the 4.9 trillion that he would cut in spending over the next decade. the democrats say the hell with it. we're going to spend. the united states will be a debtor nation in perpetuity. we don't care whether the result, is in effect servitude for the entire american nation, for as long as the eye can imagine, let alone see. so they lived up to their billing. big government for the democrats. unlimited spending, unlimited debt. and republicans wanting to refight the great battle of obamacare again rather than deal pragmaticly and practically with the issues. dennis: so you think ryan should not have done that where he included in his budget obamacare. >> it's america. it's america, dennis. the i mean the chairman. budget committee can do whatever the heck he wants the problem is he will not ge
is trying to do that now, connell. reaching out to the public senators and paul ryan. we made a deal on the but with newt gingrich. the same thing needs to be done now. dagen: something really struck me. i do not mean to harp on it. the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind of hurt that a little bit and what the president living in that abc news interview as well. is that a new track for the democrats. >> first, they went too far with the fears of armageddon. the democrats overplayed their hand. on the other hand, it is the case that the ordinary american is in having a better life in their parents. they are worried about reform plans. they are uncertain and they are nervous. dagen: $17 trillion debt, the average american is not having the impact on the lives. >> i am disagreeing. the democrats overplayed their hand with fear. we have tepid economic growth. we are not seeing the revitalization of the economy on main street. connell: regular people -- >> so-called great rotation into stocks from bon
tomorrow with curtis at noon eastern time hour of "markets now," and paul ryan says we need two brackets. that was one idea last week. we'll talk about that later on in the week. employees raiding their retirement accounts at a frightening pace right now. only one in three say they took a hardship loan from their 401(k) last year. now, according to financial finesse, lower income and younger workers say they needed the money despite the improving job market. they come with very high fees, got to pay back retirement account and keep working to do so as well. alarming figures from financial finesse. moving from 401(k)s to, staying on the tax thing, irs form 1040. how you can claim part of a billion dollars if the tax man has sitting in his escrow accounts right now. we'll talk about that. updating on what we brought to you friday, a new casino for the vegas strip. that story coming up in your west coast minute. as we go to break, the ten-year treasury, and what's happening in cypress has investors fleeing for the safety, yes, you heard me "safety," of the u.s. dollars.nouncer ]ow coul ♪
, 2013, to bring undo that bracket. seven brackets we have going on right now. paul ryan wants two. don't think he will get that i asked him about that, what are the deductions, how is this working? here's what he had to say. >> one of the other complexities introduced on that fiscal cliff tax bill was the introduction of what we call the ps provision, which limits your overall deductions, state and local tax deductions and other deductions will be limited. so now you have to go back to your accountant and figure out, well, if i, if i do this deduction, will it be limited in some fashion? >> hence the idea, again uping charitable donations for this year, or, other issues. i mean you've got to remember you have the obamacare tax, the medicare tax. that is kicking in this year. that is affecting tax-filers this year and next. and amt. think about what amt does to people in high net worth states, new york, new jersey, connecticut, california, illinois. these are states where you have higher incomes, hence more of those middle class, middle class, firefighter in staten island with the famil
Search Results 0 to 34 of about 35 (some duplicates have been removed)